I am having a hard time with the adjusting entries, any help would be apprciated.

Step $1$: Aging Schedule: Complete the Aging Schedule $($at range C$59$:H$62).$ An aging schedule tells us the dollar amount that the reserve for doubtful accounts should be$.$ Once completed, you$$ll use this amount to calculate the required adjusting entry for the reserve $/$ bad debt expense.

Step $2$: Adjusting Entries: Since there is only one debit and one credit input cell for each account, you will need to combine amounts in some situations. For example, Depreciation expense is split between COGS and Depreciation & Amortization $($admin$).$ The latter account is for both

administrative depreciation and amortization $($Patents$).$

Entries:

Entry $1$: Make the adjusting entry for bad debt expense using the reserve balance

you calculated from the aging schedule

Entry $2$: An inventory of office supplies determined that there is $$3,425$ of

inventories on hand. Office supplies expense is recorded in the $$Occupancy &

Other Expenses$$ account.

Entry $3$: Depreciation Expense in the total amount of $$50,000$ needs to be

recorded. Depreciation is allocated to COGS $($$$35,000)$ and the $$Depreciation &

Amortization $($admin$)$ account $($remainder$).$

Entry $4$: The Patent needs to be amortized in the amount of $$6,000.$ The company

credits the Patent account directly for amortization.

Entry $5$: Interest Expense for the final month of the year must be recorded. Long$-$

term and short$-$term debt have different interest rates $($given in $$Other

Information$).$ Use a formula to calculate the combined amount. Be careful to

calculate the expense for just one month.